Standard Communities Acquires 597-Unit Chesapeake Crossing in Virginia

CHESAPEAKE, Va. — Standard Communities, the affordable housing division of Standard Cos., has acquired Chesapeake Crossing, a 597-unit mixed-income community for seniors in Chesapeake, located near the coast and the North Carolina border. The total capitalization of the transaction is

The Virginian Begins $56.5M Renovation project in Fairfax, Virginia

FAIRFAX, Va. — The undisclosed owner of The Virginian, a senior living community in the Northern Virginia city of Fairfax, will break ground this Thursday on a $56.5 million renovation project. The 18-month renovation with “completely reimagine” the seven-story, 367,000-square-foot building.

Truist Provides $136M in Financing for National Senior Campuses

WELLESLEY HILLS, Mass. — Truist Financial Corp. has provided a $136 million loan to National Senior Campuses, a continuing care retirement community (CCRC) operator based in Wellesley Hills. The financing will be used toward five of the borrower’s communities, totaling

Avanath Buys Cascades Village Affordable Community in Virginia for $27.2M

STERLING, Va. — Avanath Capital Management has acquired Cascades Village, a 150-unit affordable seniors housing community in the Washington, D.C. suburb of Sterling, for $27.2 million. “Avanath was attracted to Sterling because home pricing and existing market-rate product in the

Blueprint Negotiates Sale of Sentara Healthcare Portfolio in Virginia

VIRGINIA — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sentara Healthcare’s portfolio of skilled nursing and seniors housing. The portfolio totals 876 beds in Southern Virginia. Following a previous sale in 2019, Sentara decided to leave the

Tryko Partners Acquires Three Skilled Nursing Facilities in Virginia

ALEXANDRIA, RICHMOND and COLONIAL BEACH, Va. — Tryko Partners has acquired three skilled nursing facilities in Virginia as part of a planned geographic expansion in the Mid-Atlantic for the Brick, N.J.-based private equity investment firm. The facilities, which were part